Posted: 8/13/2003 3:03:00 PM ET
Thoroughbred Times

Goffs shareholders benefit from bonus

Noted international sales company Goffs Bloodstock Sales Ltd. is set to pass most of the $6,090,641 windfall received from the National Roads Authority on to its shareholders, the company announced on Wednesday.

The shareholders, who include the Aga Khan, will also receive a dividend of 7 1/2 cents per share next month as a result of Goffs’s increasing pretax profits by 182% to $8,494,842 in the year to March 31, Racing Post reports.

As the largest shareholder with 30%, the Aga Khan’s Thoroughbred Promotion and Development Ltd., has already been paid more than $1.6-million. Walter Haefner’s Moyglare Stud has a 20% stake in the company and has collected just over $1.1-million.

Goffs received the windfall after a strip of land adjoining the dual carriageway was purchased as part of a project to upgrade the road into a motorway. The net amount of over $5.6-million has been paid in the form of an interim dividend of 60 cents per share